Both the S&P and the NASDAQ index closed at record levels. The NASDAQ index closed about 8 points short of the all-time record at 21713 (the closing level was at 21705).
A snapshot of the closing levels shows:
- Dow industrial average rose and 71.67 points or 0.16% at 45636.90
- S&P index rose 20.46 points or 0.32% closing above the 6500 level at 6501.86
- NASDAQ index rose 115.02 points or 0.53% at 21705.16.
Tomorrow is the last day of the trading month and also the day before a 3-day weekend in the US. For the month, the major indices are higher led by the Dow which rose by 3.41%
A snapshot of the monthly gain today shows:
- Dow industrial average up 3.41%
- S&P index up 2.56%
- NASDAQ index up 2.76%
Looking at the Magnificent 7 in the month of August, 3 of the 7 declined and teTesla was not 1 of them. In fact Tesla led the way with a 12.23% gain:
- Apple +2.76%
- Nvidia +1.26%
- Amazon -1.07%
- Meta -2.89%
- Microsoft -4.47%
- Google +10.29%
- Tesla +12.23%
This article was written by Greg Michalowski at investinglive.com.